MIRA
INFORM REPORT
|
Report Date : |
25.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SEMINIUM S.A. |
|
|
|
|
Registered Office : |
Av. Leandro N. Alem 1067 floor 15. Buenos Aires City |
|
|
|
|
Country : |
Argentina |
|
|
|
|
Date of Incorporation : |
18.05.2001 |
|
|
|
|
Com. Reg. No.: |
1225 Book 15 Vol.A |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Wholesale of Seeds, Agrochemical Products, Fertilizers and Other
Related Products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Registered Name
SEMINIUM S.A.
CUIT 30-70762085-0
Summary
INCORPORATED ON 2001. BEGINNER OF ACTIVITIES. CAPITAL STOCK: $5.568.628.
DOES NOT SUPPLY BALANCE SHEET. NO NEGATIVE ANTECEDENTS WERE REGISTERED. FIT FOR
CREDIT OPERATIONS WITH SECURITIES.
Operations
SEEDS
AGROCHEMICAL PRODUCTS
WHOLESALE
Legal Structure
Business type: Public
Limited Company
Incorporated: 18/05/2001
Registered: 19/9/2001
Registration #: 1225 Book 15 Vol.A
Duration:
20 years
End of fiscal year: 31/12
Contact
Mrs. Maria Garcia from Management.
Legal address: Av. Leandro N. Alem 1067 floor 15. Buenos Aires City, Argentina.
Operative address: Alvear 1670 9º (2000) Rosario, Prov.de Santa Fe, Argentina.
Tel.(54-0341) 4102206
E-mail: danielurizar@seminium.com.ar
Originally, its operative address was located at Paraguay 777 7º, Rosario,
Prov. de Santa fe.
Partners
Appointed by Assembly on 21.9.2007:
President: CRISTIAN BUSSIO
Director: SERGIO EINAUDI
CAYETANO EINAUDI
PABLO VAQUERO
Substitute Director: PABLO
OGALLAR
JUAN MANUEL DIAZ
MATIAS EINAUDI
FERNANDO GIANNONI
Social Signature use: in charge of President (individually), or Two Directors
(together).
Corporate Stock
On Stockholders' Meeting on 18/05/2001 the Capital Stock was rised from
$2.840.000 to $ 5.568.628.
Personal Information
EINAUDI SERGIO
Italian, has Argentinean Citizenship, born in 30/01/1940, married, DNI
12.311.187, addressed at 11 de Septiembre 1888, floor 5, Buenos Aires City.
EINAUDI LORENZO CAYETANO
Italian, has Argentinean Citizenship, born in 31/03/1943, single, C.I.
8.718.844, addressed at Av. Del Libertador 2862, floor 5, Buenos Aires City.
History
The Company was
properly registered in Buenos Aires City by Public Registry No. 340 of 18.5.2001,
Fo. 1460 of Public Registry Contracts No. 54 of the City of Buenos Aires.
It was incorporated after splitting the net worth of the Company
AGROMANIA S.A.
AGROMANIA S.A. was properly registered on 22/12/1975. The following
Registration data could be obtained: registration #: 3348 F: 344
L:22 T: A.
The splitting was decided in Annual Meeting on 29/12/2000. AGROMANIA S.A. had
Assets and Liabilities as of 30/09/2000 of $25.158.355,38 and $ 22.718.057,30.
SEMINIUM S.A. had Asset and Liabilities of $ 17.093.549,93 and $ 14.253.549,93.
Economic-Financial Position
Our Contact expresses that the Company does
not supply financial information.
Through third parties inquiries, we can tell that operates within a reasonable
important level without negative antecedents until the present.
Assets
Does not indicate property or vehicle ownership.
Evolution and Results
Operates outsourcing or by own souces on the
following activities: Investigation, raising, manufacture, clasification,
package, purchase, sale, exchange, import, export and storing of all kind of
seeds. Complementary operation of farming establishments. Sale, import and
export of those products. Purchase, sale, manufacture, manipulation,
transformation or any other technical process of chemical agents and all class
of annexed derivatives related to the products.
Among activities that can be done, it specially deals with wholesale of seeds,
agrochemical products, fertilizers and other related products.
41 Employees.
In the last twelve months imports were done for a total amount of U$S 2.541.073
from the following countries:
CHINA: U$S. 1.592.191
AUSTRALIA: U$S. 459.903
USA: U$S. 370.550
OTHERS U$S. 118.429
Payment Record and Credit
Risk
Banks
BANCO DE GALICIA Y BUENOS AIRES Rosario Branch
NUEVO BANCO BISEL Rosario Branch
BANCO SANTANDER RIO Branch Rosario
Insurances
CONSOLIDAR S.A.
Concept
It was denied list of its suppliers, local or
outside, reason for which, it has not been possible to determine through its
consultation, its credit fulfillment.
In regards to its concept, it is possible to indicate, that until now, it
arises from the controls carried out, that do not register negative
judicial antecedents.
FULFILLMENT NONDETERMINED
CONCEPT - DOES NOT REGISTER JUDICIAL ANTECEDENTS
Final Opinion
Company, on which there's noe knowledge on
its patrimonial solvency and formality of payments, we considered that in the
matter of credits, is convenient to operate wisely, requiring endorsement that
guarantee, the normal recovery of the capital to yield.
TO OPERATE WITH ENDORSEMENT
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.85 |
|
UK Pound |
1 |
Rs.76.60 |
|
Euro |
1 |
Rs64.68. |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)